Positive Market Sentiment Nudges Risk Assets Higher, Gold Slips Lower

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Risk markets are pushing higher at the start of the week after the Nasdaq 100 posted yet another all-time high. Gold is slipping back towards support, while the US dollar treads water.

Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.04% 🇨🇦CAD: -0.0...The technology sector in the United States continues its upward momentum, propelled by the persistent demand for the Mag 7 stocks. The Nasdaq 100 index is nearing the significant 20,000 level.

Retail trader data shows 56.86% of traders are net-long with the ratio of traders long to short at 1.32 to 1.The number of traders net-long is 1.99% higher than yesterday and 22.10% lower than last week, while the number of traders net-short is 0.30% higher than yesterday and 33.70% higher than last week.may continue to fall. Positioning is more net-long than yesterday but less net-long from last week.

We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.

 

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